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Credit Risk Analyst Jobs in Worcester, MA (NOW HIRING)

Robert Half

Commercial Real Estate

Waltham, MA · On-site

$45 - $50/hr

... analytical skills with experience assessing credit quality, identifying risk, and supporting underwriting recommendations. • Ability to manage multiple priorities, maintain accuracy, and meet ...

Global Partners LP

Salesforce Lead

Waltham, MA · On-site

... analysis, customer segmentation, and Salesforce activity tracking * Advocate for and collaborate on ... Credit & Risk (customer onboarding, limits) * Customer Service (issue tracking, contract compliance ...

Global Partners

Trader - Biodiesel

Waltham, MA · On-site

$182K - $291K/yr

Prepare and present risk/return reports on opportunities and analysis as necessary. * Find and ... Back office experience in credit, risk management and finance. Previous experience in Right Angle ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Worcester, MA

Credit Risk Analyst information

See Worcester, MA salary details

$36.8K

$113.3K

$196.6K

How much do credit risk analyst jobs pay per year?

As of Jun 16, 2026, the average yearly pay for credit risk analyst in Worcester, MA is $113,335.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,100.00 and $139,800.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Credit Risk Analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What does a Credit Risk Analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What are the key skills and qualifications needed to thrive as a Credit Risk Analyst, and why are they important?

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

How much does a Credit Risk Analyst make?

The average salary for a Credit Risk Analyst at Goldman Sachs is typically between $70,000 and $120,000 annually, depending on experience, location, and level of seniority. Compensation may also include bonuses and benefits, with higher salaries often associated with advanced certifications and specialized skills in risk assessment and financial analysis.

What Does a Credit Risk Analyst Do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

Will a credit analyst be replaced by AI?

Credit risk analysts perform tasks such as evaluating financial data and assessing creditworthiness, which involve judgment and interpretation that AI currently cannot fully replicate. While AI tools can automate data analysis and streamline processes, human analysts are still essential for complex decision-making and risk assessment. The role is evolving to include working alongside AI technologies to improve efficiency and accuracy.

How much do risk analysts get paid?

Risk analysts, including credit risk analysts, typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications like CFA or FRM can earn higher salaries and bonuses.

What is the difference between Credit Risk Analyst vs Credit Analyst?

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

What do credit risk analysts do?

Credit risk analysts evaluate the creditworthiness of individuals or organizations to determine the likelihood of default on loans or credit agreements. They analyze financial data, credit reports, and economic trends, often using specialized software, to assess risk levels and recommend credit limits or approval decisions. Their work helps financial institutions manage potential losses and ensure sound lending practices.
More about Credit Risk Analyst jobs
What are popular job titles related to Credit Risk Analyst jobs in Worcester, MA? For Credit Risk Analyst jobs in Worcester, MA, the most frequently searched job titles are:
What cities near Worcester, MA are hiring for Credit Risk Analyst jobs? Cities near Worcester, MA with the most Credit Risk Analyst job openings:
Credit Risk Analyst jobs near you
Senior Credit Analyst - Commercial Real Estate Lending

Senior Credit Analyst - Commercial Real Estate Lending

Needham Bank

Wellesley, MA • On-site

Full-time

Posted 12 days ago

Job description

Responsible for analyzing moderately complex to complex commercial real estate credit transactions and relationships. Monitor the credit worthiness of the Bank's customers and applicants.

ESSENTIAL DUTIES & RESPONSIBILITIES

  • Perform credit analyses of existing and prospective loan accounts
  • Write detailed narrative reports regarding the relationship, including the history of the relationship, a review of financial data, collateral coverage, ability to service debt and the risks
  • Request and review personal and business financial statements, tax returns and other pertinent financial information
  • Prepare various written loan reports including: loan presentations, loan modifications, and credit file comments as needed in accordance with the Bank's loan policy and procedures and state and federal banking regulations
  • Recommend appropriate loan risk rating.
  • Review loans for covenant compliance
  • Review and maintain credit files
  • Assist commercial loan officers with customer inquiries and servicing requests
  • Perform additional duties as requested, needed or assigned

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